Guizhou's first phase of energy structure adjustment fund of 20 billion yuan

According to Guizhou Daily, the Joint Symposium and Signing Ceremony of the Provincial Energy Structure Adjustment Fund and the Investment of Coal Power Guarantee was held in Guiyang on November 29th, marking the launching of the Guizhou’s Energy Structure Adjustment Fund and the Joint Mechanism of the Investment of Coal Power Guarantee. Meanwhile, it will lever more funds to escort the transformation and upgrading of Guizhou's energy industry.
 
14 coal mine projects were signed on site in the first batch of the Joint Mechanism of the Investment of Coal Power Guarantee with the signed capital of 1.925 billion yuan, which will increase coal production capacity by 6 million tons per year and an additional coal output of 3 million tons in 2019. 41 coal mine projects with initial intention to be signed have been reached with a contract capital of 4 billion yuan.
 
The total scale of the Guizhou’s Energy Structure Adjustment Fund is 20 billion yuan, and the first phase of it is 5 billion yuan.

Ding Xiongjun, Director of the Guizhou Provincial Energy Bureau, said that it will not only effectively reduce the financing costs of enterprises, but also guide banks to increase loan lending, maximizing coal production capacity, increasing coal output, and ensure the supply of coal in the province.